Experts: We could see prices fall below $3 a gallon
We’ve all been feeling pain at the pump for a long time. Gas has been above $3 a gallon for over 1,000 days now. Many analysts think we’ll never see gas below $3 a gallon.
But there are those that disagree. Gregg Laskoski of Gas Buddy says we could see gas for less than three dollars a gallon, and those days might get here sooner than you think.
“It’s possible. Certainly Houston could be one of those markets that gets below $3 a gallon before the end of this calendar year,” Laskoski said.
Michael Whatley of Consumer Energy Alliance sees cheaper prices on the horizon, too. But he tells KTRH there is a catch.
“There’s a tipping point at which we’ll see lower prices. But that’s all a big if because we’re not allowed to move forward with expanding drilling in the Gulf of Mexico,” Whatley explained.
And why will the prices continue to move in a downward direction?
“The U.S. fuel supply is growing. We are more reliant on our own fuel,” Laskoski said.
Whatley says we need to keep doing what we’ve been doing in recent years in order to make sure the prices continue to go down.
“The more North American energy we bring online the further we’re going to be able to insulate ourselves from the world impacts, in terms of what’s going on in the Middle East,” Whatley explained.
Whatley and Laskoski both say the reason prices have been falling lately is because of more domestic oil production. If you can't wait for the prices to fall, there are ways to take advantage. Many grocery stores offer rewards plans. The more you buy the bigger discount you get at the gas stations they are partnered up with.